MEG-ACT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MEG-ACT
Largest movements
- Tangible fixed assets -€20,476
down €20,476 (-19.5%), from €105,241 to €84,765
of which Land and buildings: -€15,144
- Receivables within one year -€12,242
down €12,242 (-97.3%), from €12,577 to €335
of which Trade receivables: -€12,246
- Cash -€10,344
down €10,344 (-69.4%), from €14,909 to €4,565
mainly Net result for the year (-€21,819) and Current portion of long-term debt (-€9,541)
- Profit (loss) carried forward -€21,819
down €21,819 (-11.2%), from -€194,335 to -€216,154
- Current portion of long-term debt -€9,541
down €9,541 (-51.6%), from €18,478 to €8,937
- Debts after one year -€8,201
down €8,201 (-34.4%), from €23,812 to €15,611
- Other debts -€2,001
down €2,001 (-1.8%), from €112,966 to €110,965
- Tax, wage and social debts -€1,842
down €1,842 (-84.4%), from €2,182 to €339
- Gross operating margin -€28,144
down €28,144 (-89.7%), from €31,362 to €3,218
- Depreciation -€4,267
down €4,267 (-22.0%), from €19,411 to €15,144
- Financial charges -€401
down €401 (-20.1%), from €1,992 to €1,591
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,442 | €92,190 | -€44,252 | -32.4% |
| Fixed assets | 21/28 | €106,721 | €86,215 | -€20,506 | -19.2% |
| Tangible fixed assets | 22/27 | €105,241 | €84,765 | -€20,476 | -19.5% |
| Land and buildings | 22 | €99,909 | €84,765 | -€15,144 | -15.2% |
| Furniture and vehicles | 24 | €5,332 | - | -€5,332 | |
| Financial fixed assets | 28 | €1,480 | €1,450 | -€30 | -2.0% |
| Current assets | 29/58 | €29,721 | €5,974 | -€23,747 | -79.9% |
| Amounts receivable within one year | 40/41 | €12,577 | €335 | -€12,242 | -97.3% |
| Trade receivables | 40 | €12,553 | €307 | -€12,246 | -97.6% |
| Other amounts receivable | 41 | €24 | €28 | +€4 | +16.9% |
| Cash at bank and in hand | 54/58 | €14,909 | €4,565 | -€10,344 | -69.4% |
| Deferred charges and accrued income | 490/1 | €2,235 | €1,074 | -€1,161 | -51.9% |
| Total equity and liabilities | 10/49 | €136,442 | €92,190 | -€44,252 | -32.4% |
| Equity | 10/15 | -€24,335 | -€46,154 | -€21,819 | -89.7% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,335 | -€216,154 | -€21,819 | -11.2% |
| Amounts payable | 17/49 | €160,777 | €138,344 | -€22,433 | -14.0% |
| Amounts payable after more than one year | 17 | €23,812 | €15,611 | -€8,201 | -34.4% |
| Financial debts | 170/4 | €23,812 | €15,611 | -€8,201 | -34.4% |
| Amounts payable within one year | 42/48 | €135,485 | €121,957 | -€13,528 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €18,478 | €8,937 | -€9,541 | -51.6% |
| Trade debts | 44 | €1,860 | €1,715 | -€144 | -7.8% |
| Suppliers | 440/4 | €1,860 | €1,715 | -€144 | -7.8% |
| Taxes, remuneration and social security | 45 | €2,182 | €339 | -€1,842 | -84.4% |
| Taxes | 450/3 | €2,182 | €339 | -€1,842 | -84.4% |
| Other amounts payable | 47/48 | €112,966 | €110,965 | -€2,001 | -1.8% |
| Accrued charges and deferred income | 492/3 | €1,480 | €776 | -€704 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,411 | €15,144 | -€4,267 | -22.0% |
| Other operating charges | 640/8 | €3,051 | €3,159 | +€108 | +3.5% |
| Non-recurring operating charges | 66A | - | €4,879 | +€4,879 | |
| Gross operating margin | 9900 | €31,362 | €3,218 | -€28,144 | -89.7% |
| Operating profit (loss) | 9901 | €8,900 | -€19,965 | -€28,865 | |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €1,992 | €1,591 | -€401 | -20.1% |
| Recurring financial charges | 65 | €1,992 | €1,591 | -€401 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €6,926 | -€21,556 | -€28,481 | |
| Income taxes | 67/77 | €254 | €263 | +€10 | +3.8% |
| Profit (loss) for the period | 9904 | €6,672 | -€21,819 | -€28,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,672 | -€21,819 | -€28,491 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.